Finance News: Latest Financial News, Finance News today in Bangladesh

Bangladesh Bank bills make a comeback

A three-year pause on Bangladesh Bank bills is over as the regulator is set to restart the liquidity-sterilization card to offset the injection of high-powered money into the banking system.As part of the liquidity-mopping-up plan, aimed at inflation control, the banking regulator will hold auction of 30-day-tenure bills today (Wednesday)...

Country loses $355m annually in taxes

Bangladesh loses US$355 million in taxes annually as multinational corporations and individual tycoons are parking funds in tax havens to underpay tax, reveals a report on capital flight.The report, launched Tuesday by Tax Justice Network, says tax loss has declined in recent findings from a height of $396.9 million cited...

VAT on edible oil cut to 5pc

THE PLIGHT OF THE MIDDLE CLASS A modestly-attired woman, seemingly from a middle-class background, waits patiently in the middle of a queue to buy rice and flour at subsidised rate from an OMS truck. The economic strain caused by inflated prices has now made the moderate income group grapple with...

Consultancy cost soars to Tk 14.37b after 2nd revision

Spending on consultancy services for the 172-kilometre Padma rail link project would now stand at Tk 14.37 billion, more than 32 per cent higher than the cost estimated after the first revision, insiders said on Tuesday.The cost of the rail link between Dhaka and Jashore via Padma Bridge is Tk...

HC orders to stop battery-run rickshaws in Dhaka within 3 working days

The High Court on Tuesday ordered the government authorities to stop or to impose restrictions on plying of battery-run rickshaws in Dhaka city within three working days in a bid to reduce road accidents. The concerned authorities include home secretary, inspector general of police, deputy commissioner of Dhaka, administrators of...

Defiant transport owners now rush for a business slice

Once-defiant transport companies now make a beeline for a slice of the business cake as six-colour bus service under one-route, one-company franchise system begins soon in Dhaka, sources said. As planned for a much-cherished modern mass-transport system to remove chaotic traffic, buses will run on six clusters of 42 routes...